The commerce ministry in its latest data has said that India’s merchandise exports rose by 6.21 per cent to $33.57 Billion in October 2023, as against $31.6 Billion a year-ago. Imports also increased to $65.03 Billion in the month under consideration, as against $57.91 Billion recorded in October 2022. The country's trade deficit in October stood at $31.46 Billion.
According to the data, merchandise exports for the period April-October 2023 were $244.89 Billion as against $263.33 Billion during April-October 2022. Merchandise imports for the period April-October 2023 were $391.96 Billion as against $430.47 Billion during April-October 2022. The merchandise trade deficit for April-October 2023 was estimated at $147.07 Billion as against $167.14 Billion during April-October 2022.
It further stated that non-petroleum and non-gems & jewellery exports in October 2023 were $24.57 Billion, compared to $21.99 Billion in October 2022. Non-petroleum and non-gems & jewellery exports during April-October 2023 was $178.42 Billion, as compared to $182.24 Billion in April-October 2022. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in October 2023 were $36.87 Billion, compared to $35.12 Billion in October 2022. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $246.50 Billion in April-October 2023 as compared to $260.01 Billion in April-October 2022.
